Senate, tax cuts and the budget
Digest more
Top News
Impacts
The U.S. Senate on Friday was set to start a marathon session aimed at eventually handing Republican President Donald Trump sweeping legislation to extend tax cuts and achieve budget reductions in th...
From Reuters
But work on the multitrillion-dollar package is coming as markets at home and abroad are on edge in the aftermath Trump's vast tariffs scheme, complicating an already difficult political and procedur...
From Yahoo
Read more on News Digest
The Senate's plan would make the 2017 tax cuts permanent and allow for an additional $1.5 trillion in tax cuts, leaving room for Trump's plans to eliminate taxes on tips and overtime and the administration's other tax priorities.
G.O.P. leaders are planning to use the “nuclear option” to steer around the Senate’s in-house referee and allow the use of a gimmick that makes trillions of dollars in tax cuts appear to be free.
Senate Republicans unveiled a budget blueprint designed to fast-track a renewal of President Donald Trump’s tax cuts and an increase to the nation’s borrowing limit, ahead of a planned vote on the resolution later this week.
The GOP budget framework employs controversial accounting maneuver and conflicts with a competing House plan.
Explore more
Republicans are waiting for news from the Senate's parliamentarian about whether they can use a current policy baseline for their tax-cut package and comply with reconciliation rules.
The Senate on Thursday advanced its budget resolution, teeing up a weekend vote on a blueprint for President Trump’s tax agenda and other top priorities. Senators voted 52-48 to kick
Senate Republicans are poised to kick off the voting process for advancing the blueprint on President Trump’s “big, beautiful” agenda package on tax cuts, border security, energy
Senate Republicans are looking to change how extending many of Trump’s 2017 tax cuts would be scored when it comes to future federal deficits. The Congressional Budget Office has projected that extending the cuts would increase deficits by nearly $4 trillion over the coming decade.